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FOX Business
Dec 5, 2012 10:00pm EST
to step down as the obama administration has done for the past 15 months, b refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope thathey do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will die until that day occurs. lou: the violence, and morsi protesters in the street, and large scaleclashe worst of the violence since morsi proposed his powers. a third of the aides resigned now, and more than 225 injured in the clashes since they broke out. turning to the president and his views, steering clear of my public statementon egypt or morsi or the administrations, but jay carney responded to a question on the administration's actions on the turmoil, a scripted response that he clearly wrote word for word. a two-way dialogue with an exchange of the egyptian people
FOX Business
Nov 28, 2012 7:00pm EST
obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax increase pledge. the author of that pledge, grover norquist, here and we will ask him how it is that he came to be the villain in this piece, how it feels to be the subject of attacks from both the left and some on the right and what the future holds for those republicans who break their pledges to voters. also tonight, demonstrations for a sixth straight day in egypt. the united nations on statehood fo
FOX Business
Dec 2, 2012 8:00pm EST
is ready to makeany significant step toward resolving the impasse. president obama cast himself as santa claus i a campaign style rally. his comfort zone, while blasting republicans and reminding them, he will not forget who stood in his late on tax increases. >> of course santa delivers everywhere. i have been keeping my ow money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign tail at a factory in pennsylvania that makes angry brds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks too up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senate republican leader to literally bur out laughing. >> the white house took three w
FOX Business
Dec 3, 2012 10:00pm EST
democratic politicos strategist and republican pollster. president obama issued a warning to syrian leader declaring there will be consequences if syria uses chemical weapons on its own people. the president's steered clear of defining those consequens. egis political crisis is widening cajon. a general strikeo protest the presence unrestricted new powers. in this country's hospits that deadly new bacteria that is more than just drug-resistant, it is draw prevent spreading. just how high is that this book of? we begin tonight with the fiscal clef which produced more far spent progress rejecting the speaker of the house cla that no progress is being made >> the house speaker said on fox news sunday right now i would say we are nowhere in terms of the fiscal cliff negotiations. does the president agree? >> no, he does not. you saw secretary geithner over the weekend on aaoth sunday shows very clearly express the president's poition, talk about the proposals the president has put forward and express our belief that there has been progss and that we an achieve a bipartisan agreement. lou: the
FOX Business
Nov 30, 2012 9:20am EST
. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
FOX Business
Nov 29, 2012 8:00pm EST
. but indication today that president obama is a little bit more flexible on the tax hike for the rich, at least than we thought, but he still want to doe i have tdestroy you rich pe, kidding, he doesn't toupee more but not clinton era more. 38%, that is potentially a significant development, it could be a deal maker, he is why, president says he -- republicans to give in on having rich pay more taxes, republicans could say as least as not as much more. in a sense, it splits the tax revenue difference. there is still a long way from the deal. but clearly sign yet that this president, who has been attacked for not being flexible on spending cuts, by not cutting anybody. what to make of it? tom fanning. and former bush front economic director todd. erin, what are we to make of this? do you get a sent from this, that this is the making of a middle ground deal? >> i think it is. i was up on capitol hill today. john boehner had a press conference followed one by senate democratic leaders, they were both chest thumping saying neither side of getting closer, but privately they are, republican
FOX Business
Nov 29, 2012 9:20am EST
that "varney & company" got right. the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareholders before the end of the year because a big tax increase on dividends could be coming next year and many companies moving up regular dividends to save their taxpayers, to save taxpayers a lot of money. start with disney. it's raising its dividend and paying it out on december 28th. that's 1.3 billion dollars paid out in total, paid out under the current tax rate. and las vegas sands paying a spec
FOX Business
Dec 3, 2012 9:20am EST
obama tax increases the board of directors at costco will get a huge tax windfall by paying themselves a big dividend this year. and jim senegal, charlie monger, bill gates' father all on the board in favor of taxing the rich, really? and the debate on guns front and center. that murder-suicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. all right, everybody, monday morning, "varney & company" about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what haens, which isn't rocketcience. it's just common sense, from td ameritrade. well, having a ton olocations doesn't hurt. a santa to boot! [ chuckles ] rigight, baby. oh, sir. that is a customer. oh...sorry about that. [
FOX Business
Nov 29, 2012 7:00pm EST
last 24 hours. tonight it appears there is little likelihood that president obama intends to make any meaningful offer of spending cuts with which to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiration on december 31, the consequences would simply be devastating. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. the very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the white house that were laid out by timothy geithn
FOX Business
Dec 4, 2012 10:00pm EST
. president obama today id tha two weeks may not be nouh to avoid going over the fiscal clef . i've won't add my voice tonight to those who say mr. obama actually wants o ttake us over the cliff. it is my view that not nough habeen made by the national median of the fact that it will be the president's decisionand his alon that we all go cliff diving if, indeed,we are to go cliff diving. it is a decision that is cleerly , unequivocally, and unreservedlyis to make. prident obama has created the condition that must be met. to avoid te clothes and the dive. only he can judge whether his condition is rasonable ad whether it haseen reasonly met. threpublican congessional leaders are at best supporting opposing players in the obama ama. we will take all of this up hre tonigh wih leading republicans and presidential ask rent senator rand paul, a former congressman who has been to the fiscal prosodist, the chairman of the house ways and means committee and the average level conservative author ad columnist mark stein. also tonightwe reportn he nato dispatch of patriot misses to turkey. concerns over
FOX Business
Dec 6, 2012 9:20am EST
, but not for youngsters. steven, have yvery much. surprise, surprise, obama administration doubles down on green energy and find out how much the taxpayer will have to shell out this time around. and also new at 10, enough obamacare laws are starting to go into effect and for restaurants across the country. one new regulation that could cost businesses millions, again, that's coming up the top of the hour and it will be new at 10. something serious going on here, there are reports that syria is mixing chemical weapons and loading them into bombs. sarin gas is theeprecise weapons grade material they're talking about here. nbc news reports that the the syrian military is waiting for orders from president al-assad to drop the bombs on its own civilians. the united states warned any use of chemical weapons would trigger western intervention. secretary of state hillary clinton meets russian diplomates and syria, chemical weapons, they will be discussed. and now to egypt. five people dead after huge protests in the streets of cairo and hurled rocks, fire bombs to protest morsi's seizure
FOX Business
Dec 6, 2012 11:00pm EST
, back here on earth. top corporate brass meeting with president obama's aides, no surprise, they are cozying up to the president. ed, you are rude when you go to the white house, you speak your -ind, and you are not intimidated. i have interviewed a lot of presidents myself, i am always intimidated. it -- i think what happens. with the ceos, they are shell shocked even for these guys, like the guys in chrysler building they go in there they don't know what to do. >> i'm a very literal person when i get an invite, they tell me they want me to speak my mind, i do, maybe i should be more little bit ily correct. but they are -- politically correct. they are good people are they are great leaders,. neil: has anyone declined? >> the ones that can fige out a raireally good excuse to not , don't go, it is a terrible distraction, their pr people are coaching them, and coaching them. they don't want to say something that will damage the shareholders, so they play the game. neil: you know, a lot of these guys, have said, and women, have been saying, mr. president, we think a deal shoul be struc
FOX Business
Dec 5, 2012 6:00pm EST
obama. that is what some in detroit say they deserve for helping reelect their commander-in-chief. the city on the brink of financial collapse and will soon lay off thousands of city workers to pay off bills. the total outstanding debt is more than a billion dollars. that is according to moody's investor services. joann watson, city councilmember, her comments are sparking controversy. she claims the president owes the city another bailout because they voted them into office. >> he went to washington dc and he came back home with some bacon. that is what you do. that is what you do. are people overwhelmingly supported him in the election. not just that, but why not? gerri: quid pro quo, bring home the bacon. very controversial. we are going to have one out in just a moment. but first, it could be a day of reckoning lawmakers in michigan considering changing the status to a right to work state, giving workers the freedom to opt out of paying union dues. we have the labor policy director for the mackinac center for labor policy. tell me what it is you're trying to do with this legis
FOX Business
Dec 3, 2012 6:00pm EST
report." ♪ gerri: hello, everybody. i'm gerri willis. a bold counter offer to president obama on the fiscal clef. the new plan contains 800 billion in new taxes, half of what the president was looking for. more importantly, the gop plan keep tax rates the way they are now. we know that is a deal maker for the tie-breaker for the presidents. joining me now, the man some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many and as a finger to about fixing it, michael reagan, founder of the reagan group. i want to start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which includes 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spending cuts. it is being rejected from the get go by democrats. grover, what do you say? >> i think the republicans had a very good plan called lorraine budget. they all voted for it in the house. it saves $6 trillion over the same decade, and they did not raise t
FOX Business
Dec 5, 2012 12:00am EST
, because over the last decade evious to president obama, we have spent like, we are running water. two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in d
FOX Business
Dec 2, 2012 6:00pm EST
it is? >> predent obama i met personally. and i told him that he lied, enter, lies, they are all liars. neil: you told him that the presence face? >> well, he told me to relax. when i told him -- neil: he told you last? >> yes, he said let me tell him my concerns. and i said president obama, you are not doing what you're supposed to be doing. he said scott, fema works for me and i can help you with insurance and without your -- with your mortgage, they took down my information and they wrote down my name two days later we heard from the mouth and right after we talked to the guy, they did give his rentals systems the ascends the same day i spoke to the president, $3000 from i believe it was under a lot of pressure. my wife handles that. and they are telling you every two months must be cocerned. come look at my house, that's what i told him. i have no sewage and water and i have no heat and electricity. the ones left all this time, you still basically have nothing? it's been more than a month? >> yes, sir. neil: well, you are bringing a voice and face-to-face. as victims are stil
FOX Business
Dec 1, 2012 12:00am EST
obama's plan through our economic model and found that for every dollar that it would increase in federal tax revenues it would rrduce gdp by $10. that is a very poor tradeoff as to have higher tax revenues but lower gdp and economic growth. that's not the direction that we want to head. if you're going to increase taxes we should do it through economic growth. that comes through smart tax policy, not dumb tax policy. melissa: but they always say, if you don't, the wealthy won't miss it. they will just pay a little bit more. it is fair their share. it wil help close the gap. how do you respond to that? >> all of that money is locked up into productive activity whether in a business or the stock market or somewhere else so the more that you tax that income, at means there's less investment, there's less for the business. there is less for hiring. it has to come from somewhere. it is not a costless exercise and ultimately that trickles down to workers through lower productivity and lower wages. that is bad forverydy. that means lower standards of living for everybody. melissa: bob,
FOX Business
Dec 5, 2012 11:00am EST
cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, over the last two or three years, have experienced record profits or nea
FOX Business
Dec 4, 2012 6:00pm EST
avert the fiscal cliff. president obama try this and saying there is no deal without tax hikes on the ridge. with more on this, republican congresswoman dianne black of tennessee. welcome to the show. great to have you. i have to ask you about this story that has been breaking this afternoon. apparently the president will meet with what they're calling progressive talk-show hosts. i think this is a lot of talent. it will parade through the white house. the president will sit down with them. are you getting the sense here that maybe the president is meeting with a few too many people? should we jjst get the job on the fiscal cliff? >> i could not agree more. i felt very discouraged. the president this been more time campaigning that he did of the beginning of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with our leader, the speaker, and talk seriously about these plans. gerri: small business, big business. the governor's. who is left for the president to talk to? >
FOX Business
Nov 29, 2012 4:00pm EST
fiasco that we had, the public wants the reasonable solution which means president obama has to move to the middle and let republicans save a little face and at the end of the day come up with some agreement at a resembles simpson-bowles. stuart: to the president just won and election by staying on the left. >> the argument is he is concerned with his legacy. if you wants to push that line, this term is not going to be one you want to remember in a positive way. he is not running for reelection. what is good for the country, to the middle, and -- liz: if the market is moving on congressional ineptitude as my guest in the last hour called it, why not be an investor who looks at real fundamentals at this point, buying good quality stocks that dropped because of the gyration. >> that is what you are seeing. earlier this week we found important s&p 500 at the 200 day moving average at 1382 or 83 area, you see that debt buying, looks like what we are going to see is economic growth continued stimulus and interest-rate repression which means one of the only game in town for investors is th
FOX Business
Nov 30, 2012 11:00am EST
obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceiling came up, they said they would put revenues on the table and try to work with our caucus on that. what can we get in return and the president said, basically, nothing. i will not do serious spending cuts. i am not going to do entitlement reform. i am not giving you anything. they came to the table t
FOX Business
Dec 6, 2012 1:00pm EST
obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he will meet with a middle-class family to press congress to protect those making less than $250,000 per year for a tax increase by raising rates on those earning more. the white house demanding a tax rate increase. republicans will agree to increase taxes through eliminating deductions. even if they figure out taxes, democrats and republicans still have to resolve significant differences on entitlements. take a listen. >> it is not even the right thing to do first and foremost. visit the trophy that republicans want? is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from
FOX Business
Nov 28, 2012 8:00pm EST
obama said the rich will pay more if i'm elected. the question is, can you get a compromise? republicans give up their opposition to tax increase, democrats are willing to cut spending they cherish realize part of the deal to avoid america borrowing --. neil: but they're not doing that latter part. that is what worries me. maybe they will. maybe something is going on behind closed doors i'm not seeing governor but they're not doing that. >> big question was, is prop 30 is this passage a harbinger of good news and we'll somehow avoid the fiscal cliff. i think it might be. it will require both sides to realize america should take priority over your party, being republican and democrat. we can't keep borrowing 40 cents out of every dollar without becoming a debtor nation and engaging in a slow dim minute news of out influence and power around the world. i think a seminal event at the federal level as well. neil: governor wilson, at least unlike washington, here in california you have guys been doing a lot of cutting. you could cut a lot more i think. i will say this, you at lea
FOX Business
Dec 4, 2012 4:00pm EST
to the big cats. that's what's happening. liz: president obama discussing the fiscal cliff, and, plus, speaking live to the iowa governor, his state facing a double whammy if we go over the cliff. what compromises he'd love to see come out of washington, and how he believes they could reach them. this is a guy who deals with the democratic senate, so, really, he knows how to cross the aisle to make it happen. david: somebody else you know about, with all the talk about tax increases, the idea of a simple flat tax dead? we'll see. forbes doesn't think so. there's a news conference along with washington lawmakers to push for the flat tax. he joins us later this hour. liz: first, what drove the marketings for today's data download. stocks ending lower, struggling for direction most of the day, unable to hold gains trading lower. i think it was 79 times. health care and industrials were today's top performing sectors and telecomo lagged. the euro extending the gains versus the dollar, rallying to a near seven week high against the green back after greece announced its debt buy back
FOX Business
Dec 3, 2012 8:00pm EST
less attractive, if you are barack obama you should be rooting for this. that means less attractive for those company to do over there and stay here. >> u.k. prospects should be subject to u.k. corporate tax. neil: should you pair spending in other areas to adjust. >> spending is very much down in the u.k. that is the problem, that is the argument shared sacrifice. neil: what about the princess? >> i told jonathan hunt last week that i thought kate middleton is pregnant, i am pleased to be right. neil: she has very bad morning sickness. >> which is why it was revealed early, it was revealed 12 weeks, it is to be expected. the role of the roll wife to provide an heir and a spare immediately. neil: dogs teach a lesson about living, they don't know the future, they have forgotten the pass, they are tree t free to ls straight in the eye, but is that any reason to bring them to work? former "seinfeld" star's choice to bridg bring canines to work. . which is why we are proud to parer with health care professionals who understand the differenc that quality me with our members can make... t
FOX Business
Dec 6, 2012 9:00pm EST
years? i don't know. this trendline is bad. happening under bush and obama. it does not work. john: good intentions and that go bad. clean energy's. >> solyndra. the tip of the a's spurred. dozens of companies go bad. the story behind the story. campaign contributors contributors, interest free loans from the government, distorting capital, it means resources are being used less productively and workers get lower wages and it adds up to the bad situation. john: president bush says it to oklahoma you take care of things it is good for the economy. >> collor you create a housing bubble. those people were the ones that had to walk out onto the plank then we all fall into the shark infested waters 87 tax credits. >> sounds great. but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of
FOX Business
Nov 29, 2012 9:00pm EST
♪ harder than before >> this led to the food pyramid. now michele obama tester new version out. this is all based on settle time. we found this clip of the government scientist behind this, testifying on senate. >> we will plead again orley here for more research on the problem before we make an announcement the american public. >> i would wait until every last shred of evidence is in. john: politicians, as usual, sold us a bill of goods. that is one way to look at it. >> basement we are about to engage in this huge nutritional experiment. the american public is the subject and 30 years later we have gotten sicker and sicker. john: there is much more information about nutrition and not getting fat come and we are fatter. >> we are more diabetic and fatter. the it can all be fixed with good science. john: you have a book called "good calories, bad calories." but i know that a calorie is a calorie. >> the reason we get that is because we take in more energy than we expected. it becomes a unit of heat. protein, fat, the different types of carbohydrates, the glucose from fructose sugar, the
FOX Business
Dec 1, 2012 2:00am EST
obama were truly in our rear of fantasy would apply a temporary income tax surcharge to all employees of bailed of companies and banks instead of increasing taxes on innocent bystanders. good idea. finally, the administration wants paper performance in the education system with teachers. how about pay for performance in congress. that is a great way to save $87 million every year. love hearing from you. send me an e-mail. gerri@foxbusiness.com. finally tonight, i often in the show with my "2 cents more" on something that has me fired up, even angry. tonight i wanted o highlight something that made me happy. in new york city police officer has beme a hero after this photo appeared on facebook. look at that. as of tonight over half a million people of like it. what it is showing his an officer giving, as man and you pair of boots and a cold night in times square. in arizona woman snapped the fun
FOX Business
Dec 4, 2012 3:00pm EST
political posturing by john boehner and barack obama with the press. as we look at the market the market is holding up relatively well after a 4% rally and if you think of that we are still on the year and the market continues to go higher so i don't see any reason to believe there's not a deal in place. liz: is the fear of missing the rally now almost equal to the fear of getting crushed by the risk? >> i tell you what. anybody that has fear about missing the rally is a little misguided because all it takes is money to buy stocks and i would rather be late than right and early and wrong. >> i could not agree more. by high and sell high. you are not going to be the guy who buys it. liz: i caught the ball, you know. thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the en
FOX Business
Dec 6, 2012 3:00pm EST
trend? >> reality on something like that, and the entire market was well aware of where obama was headed and once he won the election it was a reaction in the market. the client base is difficult to make the right decision, you don't know what the facts are. will be a question later on. there has not been a lot of trading in dividend stocks and because of the reason for that, an overriding concern what is going on with the fiscal cliff. people waiting to find out what is going to happen. liz: from your perspective and you guys are among the biggest, you're not seeing people jumping in and saying these companies are paying out early dividends. >> as far as our client buying or selling, no. the rationale is simple. you don't know what the rate is going to be an don't know what your tax is going to be and if that is the reason you bought the stock to begin with it might make sense if it goes up 5%, won't makes sense if it goes up 30% so the client base is smart enough to recognize that. liz: td ameritrade added dividend of 2.6% consider fast tracking its dividend. >> the entire manag
FOX Business
Dec 6, 2012 7:00pm EST
. have a great night. we'll see you right back here tomorrow. ♪ lou: the obama administration tonight ramping up diplomatic efforts to end seer -- syria's bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meeting with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and today, a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future. the pressure against the regime in and around damascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuing the sharpes
FOX Business
Dec 5, 2012 9:20am EST
, publicly, for an obama bailout. so, who is next? california, illinois, good question. raise tax rates on the rich or no deal. yeah, the line has been drawn again. president obama says america is poised to take off, but only if the republicans agree to tax the rich directly. he will only accept higher tax rates. how will speaker boehner respond to that? he speaks within the hour. and how about this, top anchors at a news network visit the white house for a cozy chat with the president. tell us, mr. president, how can we sell your tax the rich policy? citigroup, 11,000 jobs gone. "varney & company" about to begin. having you shipy gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ me announcer ] break from e holiday stress fedex office. >> we'll begin with sad news. dame elizabeth mother of news corporation chairman and chief executive rupert murdoch died at age 103. news point company fox. now sad news. and he's raised tax rates and he was elected based on his tax the
FOX Business
Dec 2, 2012 2:00am EST
obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke to the republicans. he pointed out that t biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution. >> the conference that rick was referring tompt he said folks, i won and i get to make the decision and he grew the budget by 800 billion every year. one-time stimulus has happened every year of the presidency and the president through tim geithener is making a proposal and raising taxes. >> it is absurd what is in the propose and the president is proposing. we hear the psident saying that tax hik
FOX Business
Nov 29, 2012 6:00pm EST
breaking news. president obama is upping the ante in the delicate fiscal of talk. confirming today the white house making no concessions with republicans and taking a hard line on new taxes. the latest proposal includes over one half trillion dollars tax increase, double the republicans want, and it wanted up-front. also $50 billion in new stimulus spending. they want to raise the federal debt limit without congressional approval. no spending let's. the brakes are off. with more on this, the ag holds 18, president of american action far and former cbo director. welcome to you both. i just want to mention a couple of other things that are in this proposal which frankly shocked me. the payroll tax break continues. we have bipartisan agreement that it would expire. and then a permanent increase in the debt limit. we said that. a one-year extension of expanded jobless benefits. the list goes on and on. it's like a christmas tree. >> i think it's very unfortunate there was a moment not too long ago when we thought there was a fair amount of consensus of apparel taxol they going away, a very
FOX Business
Dec 5, 2012 11:00pm EST
republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certn knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that peole have been dreaming about since 2009, that the tea party will dry up. tea party activists are people who have a long standing commitment to ideals. charles: weappreciate your help. dick armey, thank you for coming on. kiersten powers
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